Hanwha Construction's 'Forena Suncheon' First Priority Subscription Closed... Average 48 to 1

19,831 Applicants for 392 Households
Record High Ratio of 111.55 to 1

[Asia Economy Reporter Onyu Lim] Hanwha Construction's first Forena brand apartment in Suncheon, Jeollanam-do, 'Forena Suncheon,' has sold out all housing types in the first priority subscription.

According to Hanwha Construction on the 2nd, the first priority subscription application for Forena Suncheon, held the previous day, received 18,831 applications for a total of 392 units (excluding special supply), recording an average subscription competition rate of 48.04 to 1.

The highest subscription competition rate was recorded in the ▲119㎡ (exclusive area) type, with 111.55 to 1. This was followed by ▲101㎡ type at 90.64 to 1, ▲84㎡A type at 49.73 to 1, and ▲84㎡B type at 18.71 to 1.

A sales official said, "Even considering the recent boom in the Suncheon housing market, the subscription rate exceeded expectations," adding, "This reflects the high interest of local residents in Hanwha Construction's premium brand 'Forena,' which is entering Suncheon for the first time."

In fact, Hanwha Construction made great efforts to complete Forena Suncheon as a regional landmark by applying differentiated products. Hanwha Construction plans to apply the 'Forena Exterior Design,' which makes the Forena brand recognizable just by looking at the exterior?from the complex entrance design to the building's external colors?tailored to the characteristics of the complex. Various specialized designs and advanced systems will also be equipped.

The Forena specialized product includes creative play spaces such as the 'Merry Kids Ground,' a fitness center, indoor golf practice range, GX room, reading room, daycare center, and senior room, enhancing the residential quality.

The winners will be announced on the 8th, and official contracts will be conducted over three days from the 21st to the 23rd. Forena Suncheon is priced reasonably at an average of 9.8 million KRW per 3.3㎡, offering a fixed first deposit of 10 million KRW and interest-free benefits on intermediate payments to reduce the burden of home ownership.

Forena Suncheon consists of 9 buildings ranging from 2 basement floors to 18 above-ground floors, with a total of 613 units sized between 84 and 119㎡. By area, there are △246 units of 84㎡A, △265 units of 84㎡B, △67 units of 101㎡, and △35 units of 119㎡.

Hanwha Construction is operating a cyber model house on the Forena Suncheon sales website to prevent COVID-19, and the expected move-in date is January 2023.

This content was produced with the assistance of AI translation services.